Tilting at Windmills

July/August 2012 Diluted and delayed

By Charles Peters

You have probably read about Wall Street’s attempts to water down the Volcker Rule. Less well known, and just as disturbing to me, is that the rule will not truly take effect for two more years.

Charles Peters is the founding editor of the Washington Monthly and the author of a new book on Lyndon B. Johnson published by Times Books.